Echo Therapeutics OTC Stock Technical Analysis

ECTE -  USA Stock  

USD 0.0002  0.00  0.00%

As of the 17th of October 2021, Echo Therapeutics shows the Mean Deviation of 75.97, downside deviation of 71.96, and Coefficient Of Variation of 827.53. Echo Therapeutics technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Echo Therapeutics, which can be compared to its rivals. Please confirm Echo Therapeutics variance, as well as the relationship between the maximum drawdown and semi variance to decide if Echo Therapeutics is priced favorably, providing market reflects its regular price of 2.0E-4 per share. As Echo Therapeutics appears to be a penny stock we also advise to verify its total risk alpha numbers.

Echo Therapeutics Technical Analysis 

 
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Echo Therapeutics technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Echo Therapeutics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Echo Therapeutics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Echo Therapeutics Technical Analysis

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Echo Therapeutics Trend Analysis

Use this graph to draw trend lines for Echo Therapeutics. You can use it to identify possible trend reversals for Echo Therapeutics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Echo Therapeutics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Echo Therapeutics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Echo Therapeutics applied against its price change over selected period. The best fit line has a slop of   -0.0001  , which may suggest that Echo Therapeutics market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Echo Therapeutics price change compared to its average price change.

About Echo Therapeutics Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Echo Therapeutics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Echo Therapeutics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Echo Therapeutics stock first instead of the macroeconomic environment surrounding Echo Therapeutics. By analyzing Echo Therapeutics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Echo Therapeutics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Echo Therapeutics specific price patterns or momentum indicators. Please read more on our technical analysis page.

Echo Therapeutics October 17, 2021 Technical Indicators

Most technical analysis of Echo Therapeutics help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Echo Therapeutics from various momentum indicators to cycle indicators. When you analyze Echo Therapeutics charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Echo Therapeutics October 17, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Echo Therapeutics stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Investing Opportunities. Note that the Echo Therapeutics information on this page should be used as a complementary analysis to other Echo Therapeutics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Echo Therapeutics OTC Stock analysis

When running Echo Therapeutics price analysis, check to measure Echo Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Echo Therapeutics is operating at the current time. Most of Echo Therapeutics' value examination focuses on studying past and present price action to predict the probability of Echo Therapeutics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Echo Therapeutics' price. Additionally, you may evaluate how the addition of Echo Therapeutics to your portfolios can decrease your overall portfolio volatility.
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The market value of Echo Therapeutics is measured differently than its book value, which is the value of Echo Therapeutics that is recorded on the company's balance sheet. Investors also form their own opinion of Echo Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Echo Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Echo Therapeutics' market value can be influenced by many factors that don't directly affect Echo Therapeutics underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Echo Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine Echo Therapeutics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Echo Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.